Pivot (invalidation): 1.1040
Long positions above 1.1040 with targets at 1.1085 & 1.1100 in extension.
Below 1.1040 look for further downside with 1.1015 & 1.0990 as targets.
The RSI advocates for further upside.
Bullish bias above 1.2310.
Pivot (invalidation): 1.2310
Long positions above 1.2310 with targets at 1.2365 & 1.2380 in extension.
Below 1.2310 look for further downside with 1.2285 & 1.2260 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot (invalidation): 107.95
Long positions above 107.95 with targets at 108.25 & 108.55 in extension.
Below 107.95 look for further downside with 107.65 & 107.50 as targets.
Technically the RSI is above its neutrality area at 50.
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